UniLodge sold to Japan’s Samty
Samty Holdings has agreed to buy a majority stake in UniLodge from Pamoja Capital.
The deal, speculated to be worth over $600 million, would give the Japan based buyer control of Australia’s and New Zealand’s largest student accommodation operator, with over 45,000 beds.
Also included is subsidiary, Essence Communities, the country’s largest white-label build to rent operator (this is a service model where a project is managed by it but branded to another company).
Samty is one of Japan’s largest accommodation operators.
The UniLodge deal is subject to foreign investment review board approval (continues below).
Samty grows within Asia Pacific
Privatised 11 months ago, supported by Hillhouse Investment’s Rava Partners and Daiwa Securities Group, Samty recently launched a hotel focused property fund. It also sold multi-family investment pools to sovereign wealth funds while staying on as manager.
“This acquisition supports Samty’s long term ambition to expand its role as a leading provider of accommodation services in the Asia-Pacific region,” president and chief executive officer, Yasuhiro Ogawa, said.
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